The government has launched a new financial assistance of up to 700 euros intended for people in situation of extreme vulnerabilityoutside of the Minimum Vital Income (IMV). This benefit aims to support those who have difficulty covering basic expenses such as housing, food and supplies. Unlike IMV, this aid is compatible with other benefits, providing additional respite to those most in need. To access it, candidates must meet certain conditions, such as legally reside in Spainbe registered with social services and demonstrate that their income does not exceed an established threshold.
In addition, the benefit is compatible with the minimum subsistence income, provided that the conditions are met. requirements for both aids. The IMV, which also seeks prevent poverty and social exclusionis aimed at individuals or family units who do not have the necessary resources to cover their needs. To benefit from this service, you must have resided legally in Spain during the last yearbe in a situation of economic vulnerability and that cohabitation has existed for at least six months.
New aid of 700 euros
THE new monthly aid of 700 euros from Social Security It is aimed at families and people in vulnerable situations, in order to prevent social exclusion. This benefit, intended for those who do not have sufficient resources to cover their essential needs, can be increased to 784 euros if there are dependent minors. Applicants can find information on the Social Security website or at their local social services offices.
To access this assistance, it is necessary to meet certain conditions: have monthly income who are at least 10 euros lower than the minimum subsistence income (IMV), be registered with social services in the city of residence and have lived legally in Spain for at least one year continuously. This benefit is compatible with other aid, both at the state and regional level, including the IMV itself.
Minimum subsistence income
The Minimum Vital Income (IMV) is an economic benefit intended to prevent poverty and social exclusion among individuals or families who do not have the minimum resources necessary to cover their basic needs. This program is part of the protective action of social security in Spain and its objective is to guarantee a minimum level of income to those who find themselves in a situation of economic vulnerability.
To access the IMV, it is necessary to fulfill several fundamental conditions. First, you must legally reside in Spain continuously for the past year, although there are exceptions for certain groups, such as victims of gender violence or human trafficking. In addition, it is essential to demonstrate that you are in a situation of economic vulnerabilitywhich consists of assessing the income and assets of the person or cohabitation unit. Finally, cohabitation must have been established at least six months before the request.
THE unit of coexistence It is made up of all people who live in the same household and who maintain family, marital or de facto ties. However, specific situations are also taken into account, such as in the case of women who have left their homes due to gender-based violence.
Amount in 2024
THE new amounts of Minimum Vital Income (IMV) for the year 2024 were created with the aim of providing adequate financial support to different family configurations. First of all, for an adult living alone, the monthly amount is 604.38 euros.
Likewise, if we consider the presence of minors in cohabitationthe amounts increase. For example, an adult who lives with a minor receives 785.70 euros per month. In the event that there are two minors, the monthly amount amounts to 967.02 euros. Furthermore, if the cohabitation includes three minors, the aid amounts to 1,148.33 euros per month. For families with more than three minors, the IMV reaches 1,329.65 euros per month.
Regarding the cohabitation units composed of two adultsthe amount remains at 785.70 euros per month. However, this amount is also adjusted taking into account minors. For example, two adults living with a minor receive 967.02 euros per month. If you have two minors, the amount increases to 1,148.33 euros, and for those with more than two minors, the figure reaches 1,329.65 euros per month.
For the cohabitation units composed of three adultsthe amount of IMV is 967.02 euros per month, and if we include a minor, the figure rises to 1,148.33 euros per month. Likewise, for three adults with more than two minors, the allowance will be 1,329.65 euros per month. In the case of four adults, aid of 1,148.33 euros per month is awarded, and if a minor is included, the amount increases to 1,329.65 euros per month.
